ArcelorMittal SA ADR (MT) - Net Assets

Latest as of March 2026: $57.21 Billion USD

Based on the latest financial reports, ArcelorMittal SA ADR (MT) has net assets worth $57.21 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($98.27 Billion) and total liabilities ($41.06 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MT intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$57.21 Billion
% of Total Assets	58.22%
Annual Growth Rate	11.1%
5-Year Change	10.11%
10-Year Change	74.9%
Growth Volatility	927.3

ArcelorMittal SA ADR - Net Assets Trend (1997–2025)

This chart illustrates how ArcelorMittal SA ADR's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of ArcelorMittal SA ADR to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ArcelorMittal SA ADR (1997–2025)

The table below shows the annual net assets of ArcelorMittal SA ADR from 1997 to 2025. For live valuation and market cap data, see market cap of ArcelorMittal SA ADR.

Year	Net Assets	Change
2025-12-31	$56.54 Billion	+10.24%
2024-12-31	$51.29 Billion	-8.53%
2023-12-31	$56.07 Billion	+0.86%
2022-12-31	$55.59 Billion	+8.27%
2021-12-31	$51.34 Billion	+30.32%
2020-12-31	$39.40 Billion	-2.68%
2019-12-31	$40.48 Billion	-8.22%
2018-12-31	$44.11 Billion	+7.96%
2017-12-31	$40.85 Billion	+26.39%
2016-12-31	$32.33 Billion	+17.25%
2015-12-31	$27.57 Billion	-38.95%
2014-12-31	$45.16 Billion	-15.07%
2013-12-31	$53.17 Billion	-3.67%
2012-12-31	$55.20 Billion	-8.73%
2011-12-31	$60.48 Billion	-8.51%
2010-12-31	$66.10 Billion	+1.07%
2009-12-31	$65.40 Billion	+10.41%
2008-12-31	$59.23 Billion	-3.75%
2007-12-31	$61.53 Billion	+22.60%
2006-12-31	$50.19 Billion	+318.82%
2005-12-31	$11.98 Billion	+57.91%
2004-12-31	$7.59 Billion	+4993.29%
2003-12-31	$149.00 Million	+16.41%
2002-12-31	$128.00 Million	-62.13%
2001-12-31	$338.00 Million	-61.76%
2000-12-31	$884.00 Million	+3.51%
1999-12-31	$854.00 Million	+6.62%
1998-12-31	$801.00 Million	-73.03%
1997-12-31	$2.97 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to ArcelorMittal SA ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2228.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	$49.92 Billion	91.65%
Common Stock	$54.47 Billion	100.00%
Total Equity	$54.47 Billion	100.00%

ArcelorMittal SA ADR Competitors by Market Cap

The table below lists competitors of ArcelorMittal SA ADR ranked by their market capitalization.

Company	Market Cap
Victory Giant Technology Huizhou Co Ltd SHE:300476	$45.39 Billion
Adani Ports and Special Economic Zone Limited NSE:ADANIPORTS	$45.40 Billion
DR Horton Inc NYSE:DHI	$45.41 Billion
BASF SE XETRA:BAS	$45.45 Billion
Garmin Ltd NYSE:GRMN	$45.31 Billion
Bank Central Asia Tbk JK:BBCA	$45.17 Billion
Westinghouse Air Brake Technologies Corp NYSE:WAB	$45.10 Billion
China Citic Bank Corp Ltd Class A SHG:601998	$44.98 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ArcelorMittal SA ADR's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 49,223,000,000 to 54,466,000,000, a change of 5,243,000,000 (10.7%).
Net income of 3,152,000,000 contributed positively to equity growth.
Dividend payments of 421,000,000 reduced retained earnings.
Share repurchases of 262,000,000 reduced equity.
Other comprehensive income increased equity by 23,407,000,000.
Other factors decreased equity by 20,633,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	$3.15 Billion	+5.79%
Dividends Paid	$421.00 Million	-0.77%
Share Repurchases	$262.00 Million	-0.48%
Other Comprehensive Income	$23.41 Billion	+42.98%
Other Changes	$-20.63 Billion	-37.88%
Total Change	$-	10.65%

Book Value vs Market Value Analysis

This analysis compares ArcelorMittal SA ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.84x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.98x to 0.84x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	$60.59	$59.54	x
1998-12-31	$15.40	$59.54	x
1999-12-31	$16.96	$59.54	x
2000-12-31	$17.56	$59.54	x
2001-12-31	$6.66	$59.54	x
2002-12-31	$2.48	$59.54	x
2003-12-31	$2.92	$59.54	x
2004-12-31	$118.09	$59.54	x
2005-12-31	$35.11	$59.54	x
2006-12-31	$101.53	$59.54	x
2007-12-31	$96.44	$59.54	x
2008-12-31	$94.93	$59.54	x
2009-12-31	$100.62	$59.54	x
2010-12-31	$93.00	$59.54	x
2011-12-31	$83.87	$59.54	x
2012-12-31	$79.59	$59.54	x
2013-12-31	$66.68	$59.54	x
2014-12-31	$54.61	$59.54	x
2015-12-31	$32.74	$59.54	x
2016-12-31	$31.55	$59.54	x
2017-12-31	$37.88	$59.54	x
2018-12-31	$41.22	$59.54	x
2019-12-31	$38.03	$59.54	x
2020-12-31	$32.84	$59.54	x
2021-12-31	$44.32	$59.54	x
2022-12-31	$58.15	$59.54	x
2023-12-31	$63.86	$59.54	x
2024-12-31	$62.23	$59.54	x
2025-12-31	$71.10	$59.54	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ArcelorMittal SA ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 5.79%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.14%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.79x
Recent ROE (5.79%) is below the historical average (8.77%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	9.73%	13.20%	0.42x	1.76x	$-8.00 Million
1998	29.59%	6.79%	0.59x	7.40x	$156.90 Million
1999	9.95%	1.82%	0.78x	6.99x	$-400.00K
2000	11.20%	1.94%	0.85x	6.76x	$10.60 Million
2001	-92.31%	-6.95%	0.84x	15.72x	$-345.80 Million
2002	38.28%	1.00%	0.89x	43.06x	$36.20 Million
2003	44.30%	1.21%	0.97x	37.82x	$51.10 Million
2004	80.41%	21.18%	1.16x	3.28x	$4.12 Billion
2005	33.15%	11.96%	0.91x	3.06x	$2.35 Billion
2006	12.41%	8.88%	0.52x	2.66x	$1.01 Billion
2007	18.29%	9.85%	0.79x	2.36x	$4.70 Billion
2008	17.03%	7.52%	0.94x	2.41x	$3.88 Billion
2009	0.19%	0.18%	0.51x	2.09x	$-5.99 Billion
2010	4.67%	3.74%	0.60x	2.10x	$-3.33 Billion
2011	3.99%	2.41%	0.77x	2.15x	$-3.41 Billion
2012	-7.20%	-4.42%	0.74x	2.22x	$-8.90 Billion
2013	-5.11%	-3.20%	0.71x	2.26x	$-7.52 Billion
2014	-2.58%	-1.37%	0.80x	2.36x	$-5.29 Billion
2015	-31.44%	-12.50%	0.83x	3.04x	$-10.47 Billion
2016	5.90%	3.13%	0.76x	2.49x	$-1.23 Billion
2017	11.78%	6.65%	0.81x	2.20x	$689.10 Million
2018	12.23%	6.77%	0.83x	2.17x	$940.40 Million
2019	-6.37%	-3.48%	0.80x	2.28x	$-6.31 Billion
2020	-1.96%	-1.38%	0.65x	2.19x	$-4.48 Billion
2021	30.46%	19.53%	0.85x	1.84x	$10.05 Billion
2022	17.50%	11.65%	0.84x	1.78x	$3.99 Billion
2023	1.70%	1.35%	0.73x	1.74x	$-4.48 Billion
2024	2.72%	2.14%	0.70x	1.82x	$-3.58 Billion
2025	5.79%	5.14%	0.63x	1.79x	$-2.29 Billion

Industry Comparison

This section compares ArcelorMittal SA ADR's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $2,278,547,270
Average return on equity (ROE) among peers: 126.84%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ArcelorMittal SA ADR (MT)	$57.21 Billion	9.73%	0.72x	$45.32 Billion
Cleveland-Cliffs Inc (CLF)	$555.30 Million	58.27%	1.09x	$6.27 Billion
Friedman Industries Inc. Common Stock (FRD)	$66.87 Million	-7.85%	0.16x	$175.39 Million
Friedman Industries Inc. Common Stock (FRD)	$72.48 Million	7.04%	0.19x	$138.83 Million
Gerdau SA ADR (GGB)	$22.00 Billion	5.10%	1.03x	$5.42 Billion
Hongli Group Inc. Ordinary Shares (HLP)	$8.04 Million	30.15%	0.69x	$35.93 Million
Huadi International Group Co Ltd (HUDI)	$12.00 Million	76.97%	5.60x	$13.34 Million
Inno Holdings Inc. Common Stock (INHD)	$15.17 Million	-46.68%	0.06x	$3.73 Million
FST Corp. Ordinary Shares (KBSX)	$32.42 Million	28.92%	0.85x	$51.70 Million
Luda Technology Group Limited (LUD)	$16.75 Million	18.11%	1.79x	$101.88 Million
Mesabi Trust (MSB)	$1.66 Million	1098.32%	4.11x	$313.44 Million

About ArcelorMittal SA ADR

NYSE:MT USA Steel

Market Cap

$45.32 Billion

Market Cap Rank

#599 Global

#293 in USA

Share Price

$59.54

Change (1 day)

-2.46%

52-Week Range

$29.58 - $67.12

All Time High

$67.12